LADOL Restates Commitment to Create Jobs

The Lagos Deep Offshore Logistics Base (LADOL) has pledged to focus on working with the government and the private companies in Nigeria to create more jobs after the successful handling of the integration work on the multi-dollar Egina Floating Production Storage and Offloading (FPSO) vessel.

The company said in a statement that it was also working toward the creation of an enabling environment for policies that will ensure that Nigerians, who worked on the integration of the Egina FPSO at its yard at the Lagos Free Trade Zone, remain employed and that thousands more are employed in future projects.

The Managing Director of the company, Dr. Amy Jadesimi, revealed this following the successful completion and departure of the fully integrated Egina FPSO from the LADOL yard in Lagos.

According to him, “Boasting a purpose-built, state-of-the-art logistics and engineering base, LADOL was selected by Total and Nigerian National Petroleum Corporation (NNPC) as the local content partner for Samsung Heavy Industries for the Egina FPSO project.

“Under the arrangement, LADOL was to make available its facilities for the integration of the topsides of the FPSO after its fabrication by Samsung at its yard in Geoje, South Korea. And with the completion of the fabrication work, the vessel sailed away from that country in October last year, arriving the LADOL yard at the Lagos Free Trade Zone, owned by LADOL, amid splendour on January 24, 2018,”

An elated Jadesimi had said in a post on that occasion that “the Egina FPSO has arrived, marking a historic milestone for our facility and for industrialisation in Nigeria. The FPSO fabrication and integration at LADOL is a major achievement for local content and a step towards creating thousands of direct and indirect new jobs in the country.”

The Managing Directing of Nigerian Ports Authority (NPA), Mrs. Hadiza Bala Usman, joined onsite at the LADOL Free Zone to celebrate the arrival of the vessel, observing that the successful berthing of the vessel “is as a result of operational efficiency and very robust synergy between the NPA and LADOL.”

Vice-President Yemi Osibanjo, during the occasion of a presidential working visit to LADOL offshore facility to see the vessel, appreciated the facilities and operations at LADOL. He stated that the successful anchor of the Egina FPSO “is not just a celebration of local content across board, but, also a resounding testimonial of the success of the ease of doing business.

“Excellent work has been done here and this would be sacrosanct to the Economic Recovery and Growth Plan of government in the long run as would be evident in the country’s Gross Domestic Product (GDP) in no distant time.”

Other stakeholders who appreciated the LADOL facilities and operations during the visit, included Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar; Deputy Managing Director, Deepwater Total, Ahmadu-Kida Musa, who represented the Managing Director Total Upstream, Mr. Nicholas Terraz, and Executive Secretary, Nigerian Content Development and Management Board, Simbi Wabote.

“So, the task of integrating the topsides of the FPSO began. And LADOL made a huge success of the opportunity. In all, six modules fabricated in-country were integrated, with about 21400 pre-inauguration tasks performed.

“LADOL completed the work on time and on budget, demonstrating to the world that the most complex and challenging industrial projects in the world can be completed in Nigeria. The next step is for LADOL to work towards ensuring that the 50,000 new jobs which can be created due to the LADOL facilities are created,” the statement said.